Nigeria unemployment rate

Nigeria unemployment rate Analytics & Data

Nigeria unemployment rate Statistics

Nigeria unemployment rate Quantitative Analysis, Charts & Factors

Nigeria unemployment rate Historical Data

The MacroVar database offers free access to historical data for the Nigeria unemployment rate, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Nigeria unemployment rate data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Nigeria unemployment rate

Nigeria's unemployment rate is a significant issue that the country is currently facing. As of the most recent data, the unemployment rate in Nigeria stands at around 27.1%, one of the highest in the world. This high level of unemployment is attributed to various factors, including a lack of job opportunities, a mismatch between the skills of the workforce and the needs of employers, and a growing population that outpaces the rate of job creation. The high unemployment rate in Nigeria not only leads to economic instability and poverty but also contributes to social and political unrest. Efforts are being made by the government and other stakeholders to address this issue through initiatives aimed at promoting job creation, skills development, and entrepreneurship.